PACS Group Inc’s recent filing unveils that its Co-Founder & Exec. Vice Chair. Hancock Mark unloaded Company’s shares for reported $294.65 million on Sep 09 ’24. In the deal valued at $36.25 per share,8,128,352 shares were sold. As a result of this transaction, Hancock Mark now holds 45,126,199 shares worth roughly $494.13 million.
Then, Murray Jason Hulse sold 8,128,352 shares, generating $294,652,760 in total proceeds. Upon selling the shares at $36.25, the Co-Founder, CEO & Chairman now owns 45,126,199 shares.
JP Morgan downgraded its PACS Group Inc [PACS] rating to a Neutral from a an Overweight in a research note published recently. UBS began covering PACS with “Buy” recommendation on October 09, 2024.
Price Performance Review of PACS
On Tuesday, PACS Group Inc [NYSE:PACS] saw its stock fall -1.71% to $10.95. Over the last five days, the stock has gained 11.05%. PACS Group Inc shares have fallen nearly -16.48% since the year began. Nevertheless, the stocks have fallen -55.94% over the past one year. While a 52-week high of $43.92 was reached on 02/05/25, a 52-week low of $8.28 was recorded on 04/21/25. SMA at 50 days reached $10.65, while 200 days put it at $22.40.
Levels Of Support And Resistance For PACS Stock
The 24-hour chart illustrates a support level at 10.60, which if violated will result in even more drops to 10.24. On the upside, there is a resistance level at 11.36. A further resistance level may holdings at 11.77. The Relative Strength Index (RSI) on the 14-day chart is 60.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.02%. Stochastics %K at 85.44% indicates the stock is a selling.
The most recent change occurred on June 28, 2024 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $35 price target.
